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(Solved): Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bough ...




Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is \( \$ 13.04 \), A sample of 100 neighborhood restaurants showed a mean price of \( \$ 12.70 \) and a standard deviation of \( \$ 2 \) for a comparable restaurant meal. (a) Choose the appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is les than fixing a comparable meal at home. \( H_{0}: \) \( H_{a}: \) (b) Using the sample from the 100 restaurants, what is the \( \rho \) value? If required, round your answer to four decimal places. (c) At \( 0=0.05 \), what is your conclusion? We the null hypothesis. We conclude that the cost of a restaurant meal is significantly cheaper than a comparable meal fixed ot home.


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